An Old Saw’s New Twist: Death (of the Deficit Hawks) and Taxes

The following article by David Hawkings was posted on the Roll Call website November 27, 2017:

A few Republicans clinging to old party orthodoxy could doom Trump’s big win

Office of Management and Budget director Mick Mulvaney has said “a lot of this is a gimmick,” referring to the tax bill’s expiration dates for some of the lower rates. (Tom Williams/CQ Roll Call file photo)

This apparent contradiction confronts Congress as it returns for a grueling month of legislating: The Republicans who run the Capitol, so many of whom came to Washington as avatars of fiscal responsibility, are going to spend the rest of the year working to make a worsening federal balance sheet look even worse.

December holds the potential for a productivity breakthrough, but it also threatens to end in embarrassing deadlock — which is why the clear consensus within the upper reaches of the congressional GOP is that it’s the right time to get comfortable with any feelings of hypocritical guilt.

The party’s acute political need to be seen as starting to make something with their unified government before the dawn of the midterm campaign season, the leadership and President Donald Trump have made plain, will need to take precedence over the demands of the relatively few remaining deficit hawks trying to push the party back toward its traditional core values of balancing budgets and holding the line on borrowing. Continue reading “An Old Saw’s New Twist: Death (of the Deficit Hawks) and Taxes”